Dow drops 1,200 as US stock market leads a worldwide sell-off following Trump's tariff shock
Dow drops 1,200 as US stock market leads a worldwide sell-off following Trump's tariff shock
Financial markets around the world are reeling following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst of it.
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Time for the rich to buy stocks on discount.
Assuming the US can recover...
Normally Trump does what's best for the ultra wealthy, but de-dollarization of the world economy appears to be good for nobody in the USA. I have no clue what they're trying to do, I suspect he's just lost it and there's nobody left to tell him these tariffs hurt his croneys too.
At this point I wouldn't be surprised if we're already too far along to save the dollar's position globally. Globally that's probably a good thing, but for any of us in the US it's decidely not.
I have no clue what they're trying to do
They published it online. project 2025. They straight up told you what they're going to do. Add in pooty, whose goals align a great deal, and that's it. How do people still not get this, they told you what they're doing.
What does Project 2025 have to say about tariffs?
Project 2025 is split on the issue of foreign trade.[109] Mandate author Peter Navarro advocates what he calls a fair trade policy of reciprocal, higher tariffs on the European Union, China, and India, to achieve a balance of trade, though not all U.S. levies are lower than those of its major trading partners.[126] On the other hand, Mandate author Kent Lassman of the Competitive Enterprise Institute promotes a free trade policy of lowering or eliminating tariffs to cut costs for consumers, and calls for more free trade agreements.[126] He argues that Trump's and Biden's tariffs have undermined not just the American economy, but also the nation's international alliances.[117]
The first guy won apparently.
Right, he did, but here's my point: Project 2025 doesn't actually come out clearly for or against tariffs. So in so far as "they wrote it all down in Project 2025 and told you exactly what they're going to do", that's just not the case for tariffs. And even the guy in favor of tariffs wasn't talking about such broad and strong tariffs all at once.
In other words, this is Trump's plan on his own.
Yeah, that's just Trump. He likes to be vengeful and a bully, using tariffs like a stick to beat others info submission. But he doesn't seem to know when enough is enough.
I think it’s more to the point to say he’s trying to destroy America, period.
It’s what Putin has been using his puppet for this whole time.
America falls apart, Russia gains.
As confusing as it is this does still all fit into Theil’s plan to isolate the US in order to create a corpo-fascist state and bring back apartheid.
with this move they seem to want to stop the rich from paying taxes and replace them with tariffs. the poor will end up paying them.
he hinted at it a few times. to be clear, i think its still dumb as fuck but here it is.
I have no clue what they’re trying to do
Treason.
Pig Boy thinks he's Napoleon, but he's actually dry rot fungus.
Russia wins...
Idk, when do they buy? This shit has to go way more south before our dear great leader decides to undo the tariffs, right? And if he doesn't undo them, when would it go back up? We're still in a race to the bottom...
Knowing Trump's irrationality, he just wants to erase all the market gains from when Biden was in office. That means he'll keep at it until the DOW looses another 10,000 points or so.
Well I just bought some inverse SP500 x3 ETF so I'll hold onto that until we reach the new great depression
LOL, good luck with that.
(Inverse ETFs, especially leveraged ones, don't work the way you think they do. They're not really intended or suitable for anything but day-trading.)
U right, made up some of my losses today but I do plan to sell as soon as it looks sort of stable then I'll just buy a long put
That sounds like sunscreen
Even if he does undo them there's no telling when he'll put them back in place again on a whim. Everyone abandoning the market isn't going to come back unless Trump gets Epstein'd or Luigi'd.
I lost a lot of money today, but I’m still up from 6 months ago.
This is going to last a long time and the recession is when they’ll buy.
It's good for them when they can buy other people's stock at fire sale prices, it's less good for them when their own stock is reduced to fire sale prices.
It's only a concern if you need to sell during the downturn.
Hopefully the market can remain irrational longer than they can remain solvent.
And it isn't good for them if stock growth doesn't happen because American companies lose market share.